Question: Session 4: Inventory Management Case Study #1 Calculating the standard deviation for TVs at ABC Electronics The planner at ABC Electronics is trying to optimize

Session 4: Inventory Management Case Study #1

Session 4: Inventory Management Case Study #1 Calculating the standard deviation for TVs at ABC Electronics The planner at ABC Electronics is trying to optimize stocking and ordering for a popular 50- inch plasma TV it stocks. The first step is to look at the pattern of demand to calculate the rate of sales. After looking back over the past 10 weeks of sales, the planner has determined the actual sales on the TV and has placed the values in the table below. The average of number of TVs sold during that period was 125. Absolute Deviation Deviation^2 Week 1 Sales Forecast 125 Actual Sales 84 2 125 78 3 125 155 4 125 155 5 125 170 6 125 72 7 125 75 8 125 172 9 125 67 c 10 125 166 1. Using the above table, calculate the squared deviation for Week 1. 2. What would be the squared deviation for the 10 weeks? 3. What would be the standard deviation o for the item? 2014 APICS PDL-4-61 Version

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